WJP(SZ:301117)2023-04-20 16:00Revenue and Profit Growth - Revenue for the first quarter of 2023 was RMB 50,688,817.05, a 253.54% increase compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was RMB 8,369,424.33, a 294.58% increase year-on-year[5] - Total revenue for the quarter was RMB 50,688,817.05, a significant increase from RMB 14,337,503.35 in the same period last year[26] - Net profit for the quarter was RMB 8,371,610.50, compared to a net loss of RMB 4,475,022.69 in the previous year[27] - Operating profit for the quarter was RMB 10,206,202.76, a turnaround from an operating loss of RMB 3,965,251.31 in the same period last year[27] Cash Flow and Financial Position - Net cash flow from operating activities improved by 49.94% to RMB -25,639,647.68 compared to the same period last year[5] - Cash and cash equivalents stood at RMB 693,475,603.38, down from RMB 724,093,032.97 at the beginning of the year[22] - Net cash flow from operating activities was -25,639,647.68 yuan, an improvement from -51,217,896.08 yuan in the previous period[29] - Cash received from investments was 503,991,989.72 yuan, significantly higher than 2,223,938.27 yuan in the previous period[31] - Net cash flow from investing activities was -4,232,550.51 yuan, compared to 2,009,470.27 yuan in the previous period[31] - Net cash flow from financing activities was -745,231.40 yuan, a significant decrease from 977,580,015.87 yuan in the previous period[31] - The ending balance of cash and cash equivalents was 693,475,603.38 yuan, down from 990,315,978.96 yuan in the previous period[31] R&D and Innovation - R&D expenses increased by 40.80% to RMB 12,094,151.99 due to increased investment in R&D and higher salaries for R&D personnel[12] - R&D expenses increased to RMB 12,094,151.99, up from RMB 8,589,768.87 in the same period last year[26] - The company obtained 1 new patent and 22 software copyrights during the reporting period[20] - The company established a "Smart Interconnection Engineering Joint Laboratory" with the 804th Research Institute of the Eighth Academy of China Aerospace Science and Technology Corporation to enhance defense information technology capabilities[20] Assets and Liabilities - Fixed assets increased by 1147.44% to RMB 43,561,417.55 due to the purchase of research facilities by a subsidiary[10] - Accounts receivable financing increased by 1536.14% to RMB 8,180,697.50 due to the receipt of bank acceptance bills[10] - The company's total assets at the end of the reporting period were RMB 1,393,115,407.66, a slight increase of 0.18% compared to the end of the previous year[5] - Total assets at the end of the quarter were RMB 1,393,115,407.66, slightly up from RMB 1,390,562,488.30 at the beginning of the year[24] - Total liabilities decreased to RMB 64,335,584.00 from RMB 73,527,908.29 at the beginning of the year[24] - Accounts receivable increased slightly to RMB 315,058,448.93 from RMB 311,754,660.38 at the beginning of the year[22] - Inventory increased to RMB 266,794,859.96 from RMB 255,850,556.15 at the beginning of the year[22] - Total equity increased to RMB 1,328,779,823.66 from RMB 1,317,034,580.01 at the beginning of the year[24] Shareholder Information - The company's largest shareholder, Wang Jin, holds 37.68% of the shares, totaling 34,765,500 shares[15] - Zhu Weihua holds 9.18% of the shares, totaling 8,465,700 shares, with 6,855,000 shares under restricted status[15] - The total number of restricted shares at the end of the period was 48,823,607 shares, with 33,908,283 shares released during the quarter[19] Expenses and Income - Income tax expenses increased by 250.68% to RMB 1,834,592.26 due to higher income tax provisions[12] - Investment income increased by 79.50% to RMB 3,991,989.72 due to cash management income from raised funds[12] - Sales expenses decreased by 41.94% to RMB 3,111,849.95 due to reduced after-sales service fees[12] - Comprehensive income for the parent company owners was 8,369,424.33 yuan, a decrease of 4,301,233.00 yuan compared to the previous period[28] - Basic and diluted earnings per share were both 0.09 yuan, down from 0.05 yuan in the previous period[28] - Cash received from sales of goods and services was 43,327,009.32 yuan, a decrease from 57,132,679.81 yuan in the previous period[29] Audit and Reporting - The company's first quarter report was not audited[32]